AP Govt Invites Applications From Start Ups For Innovation Awards

If you are a start-up or an IT company that has an annual turnover below Rs.50 lakh, you are eligible to apply for AP Innovation Awards.

The Government of Andhra Pradesh values innovative ideas and hence, wants to recognize innovative products/solutions that address societal problems. The start-ups and companies chosen for “Innovation Awards” will win Rs. 1 lakh per product.

On the other hand, the Government of Andhra Pradesh also invites Suo Moto Proposals for products/solutions development by MSMEs. Any start-up or MSME/Enthusiastic first-generation technocrats or Entrepreneurs from Andhra Pradesh, with an annual turnover between Rs. 50 lakh and Rs.25 crore, in Electronics and IT sectors can apply with suo moto proposal under this category.

The companies outside Andhra Pradesh can also apply under this scheme and will be subject to a few conditions under the scheme. The following is the criteria:

(i) The proposals should be based on the Blueprint published by GoAP or on the AP State Enterprise Architecture (both documents are accessible on the website: www.apit.ap.gov.in)

(ii) The following subjects/themes shall be considered under this category: